Category: Property Tax Updates

The circular said that Section 236W inserted through the Income Tax (Amendment) Act, 2016 mandates that every person responsible for registering or attesting transfer of any immovable property, shall, at the time of registering or attesting the transfer collect from the purchaser or transferee an advance tax at the rate of 3 percent of the

Finally Tax Amnesty For Real Estate A subcommittee of the National Assembly Standing Committee on Finance formalized its recommendations after holding discussions with representatives of the real estate sector. Before holding the meeting, committee members took the input of Finance Minister Ishaq Dar and Special Assistant to Prime Minister on Revenue Haroon Akhtar Khan. The

FBR has finally published fair market values for DHA lahore and other societies in Lahore. This fair market price is almost 30 to 35% more than the previous DC values in case of residential plot prices and 200 to 250% more in case of commercial plot prices. The Government has also reduced the CGT time

We are now receiving confirmed reports of breakthrough in talks with the Government Officials regarding real estate taxes imposed in budget 2016-17. As promised today the meeting was held between representatives of real estate sector and Mr, Haroon Akhtar (Adviser to Prime Minister) and an appointed panel of FBR officials which ended on a positive

No Breakthrough in Real Estate Tax in Mondays Meeting Representatives of Real estate associations from all over Pakistan met Government officials today to discuss the ongoing issue of increase of real estate tax in the Budget 2016-17 . It seems like there has been some positive development about the real estate tax in Pakistan. It is